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BOFA SSI NEUTRAL AT 55.5% DESPITE S&P 500 HIGHS
* Equity sentiment steady at 55.5%, neutral.
* Closer to Sell (2ppt) than Buy (4ppt).
* Implies ~13% 12-month return.
* Valuations high but supported by structural shifts.
* BofA sees ~8% S&P 500 gain in next year